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Archive: 05 September 2013

Posts in 05 September 2013

Free Live Webinar: Dematerialization of Securities and Recent Amendments

July 2, 2024 1623 Views 0 comment Print

Join our free webinar on July 4th at 4:00 PM to gain insights into the dematerialization of securities and recent amendments. Register now for key updates.

Free Webinar: Analysis of 10 Recent Income Tax Judgments in Favour of Assessee

July 1, 2024 3621 Views 0 comment Print

Join our free webinar on July 7 at 5 PM for insights into 10 recent High Court income tax judgments favoring assessees. Expert analysis by CA Dipak Dama.

Classification of “Bluetooth Wireless Headset for mobile phones / cell phones” under harmonised Customs Tariff – regarding

September 5, 2013 5410 Views 0 comment Print

Doubts have been raised on whether Bluetooth Wireless Headset for mobile phones / cell phones is classifiable in heading 8517 or 8518 of the Customs Tariff. The relevant text of these headings is as under:

Circular No. 35/2013-Customs Dated- 5th September, 2013

September 5, 2013 2323 Views 0 comment Print

Reference is drawn toBoard’s Circular No.46/2011-Cus dated 20.10.2011 and Instructions of even number dated 31.7.2013 related to Audit Report No. 15/2011-12, Section 2 – Duty Drawback Scheme.

Implementation of Cadre Restructuring – ACRs/APARS of Officers and Officials in your Region-reg.

September 5, 2013 541 Views 0 comment Print

With reference to F. No. HRD/CM/102/3/2009-10(Pt)/1102 dated 2nd July, 2013, I am directed to inform that the status of implementation of the Restructuring of Cadre was reviewed by the Chairperson and Member (P&V), CBDT on September 04, 2013.

Issue of Bank Guarantee on behalf of person resident outside India for FDI transactions

September 5, 2013 561 Views 0 comment Print

In order to provide operational flexibility and ease the procedures, it has been decided to permit AD Category –I bank to issue bank guarantee, without prior approval of the Reserve Bank, on behalf of a non-resident acquiring shares or convertible debentures of an Indian company through open offers/ delisting/exit offers, provided :

Cenvat Credit cannot be denied on mere non payment by the supplier -SC

September 5, 2013 10262 Views 1 comment Print

The respondent-company availed deemed MODVAT credit of Rs.77,546/- during the quarter of March, 2000 on the strength of invoices issued by M/s. Sawan Mal Shibhu Mal Steel Re-Rolling Mills, Mandi Govindgarh.

To Claim Cenvat Credit Assessee not expected to verify, whether supplier had paid duty on inputs or not

September 5, 2013 1619 Views 0 comment Print

Assessee not expected to verify with Department in order to avail Cenvat credit, whether supplier had paid duty on inputs or not. We are sharing with you an important judgement of the Hon’ble Supreme Court of India, in the case of Commissioner of Central Excise, Jalandhar vs. M/s. Kay Kay Industries [AIT-2013-147-SC] on following issue:

Export of finished leather, Wet Blue and EI Tanned leather may also take place through Air ports

September 5, 2013 573 Views 0 comment Print

Now, in addition to sea ports/ICDs indicated in para 2 above, export of finished leather, Wet Blue and EI Tanned Leather would also be permitted through Air Ports. Customs may draw samples, wherever so required, for certification by CLRI or such other labs as notified from time to time, as per finished leather norms.

Rate of exchange of conversion of each of the foreign currency with effect from September 06, 2013

September 5, 2013 1184 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance

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